uppose a company has fixed costs of $2100 and variable costs per unit 600-dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) X= (b) Find the maximum revenue. $ 16 (c) Form the profit function P(x) from the cost and revenue functions. P(x) = Find the maximum profit. $ 1500 dollars, where x is the total number of units produced. Suppose (d) What price will maximize the profit? (Round your answer to the nearest cent.) $ that the selling price of its product

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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15
Suppose a company has fixed costs of $2100 and variable costs per unit of
x + 1500 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is
16
1600
1/64
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
-x dollars per unit.
X =
(b) Find the maximum revenue.
$
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =
Find the maximum profit.
$
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
$
Transcribed Image Text:15 Suppose a company has fixed costs of $2100 and variable costs per unit of x + 1500 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 16 1600 1/64 (a) Find the break-even points. (Enter your answers as a comma-separated list.) -x dollars per unit. X = (b) Find the maximum revenue. $ (c) Form the profit function P(x) from the cost and revenue functions. P(x) = Find the maximum profit. $ (d) What price will maximize the profit? (Round your answer to the nearest cent.) $
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